Here are some of the media stories that may have effected Accern’s analysis:
Headlines about Reinsurance Group of America, (NYSE:RGA) have been trending very positive on Wednesday, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Reinsurance Group of America, earned a news sentiment score of 0.59 on Accern’s scale. Accern also gave news coverage about the insurance provider an impact score of 33 out of 100, meaning that recent press coverage is unlikely to have an impact on the stock’s share price in the near term.
Shares of Reinsurance Group of America, (RGA) traded up 0.21% during trading on Wednesday, hitting $141.19. 429,865 shares of the stock were exchanged. The stock has a market cap of $9.11 billion, a price-to-earnings ratio of 12.03 and a beta of 0.83. Reinsurance Group of America, has a 12-month low of $98.60 and a 12-month high of $141.54. The stock’s 50 day moving average is $130.95 and its 200-day moving average is $127.70.
Reinsurance Group of America, (NYSE:RGA) last posted its earnings results on Thursday, July 27th. The insurance provider reported $2.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.44 by $0.51. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3 billion. Reinsurance Group of America, had a net margin of 6.33% and a return on equity of 8.48%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.80 earnings per share. Equities research analysts anticipate that Reinsurance Group of America, will post $9.66 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.42%. This is an increase from Reinsurance Group of America,’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, August 4th. Reinsurance Group of America,’s payout ratio is currently 13.96%.
RGA has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Reinsurance Group of America, from a “buy” rating to a “hold” rating in a research report on Monday. Keefe, Bruyette & Woods restated a “hold” rating and set a $125.00 target price on shares of Reinsurance Group of America, in a research report on Thursday, April 6th. Jefferies Group LLC decreased their target price on shares of Reinsurance Group of America, from $80.00 to $77.00 and set a “hold” rating on the stock in a research report on Monday, May 1st. Royal Bank Of Canada set a $134.00 target price on shares of Reinsurance Group of America, and gave the stock a “hold” rating in a research report on Friday, July 28th. Finally, Wells Fargo & Company restated a “hold” rating on shares of Reinsurance Group of America, in a research report on Friday, April 28th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $124.56.
In other Reinsurance Group of America, news, EVP Timothy T. Matson purchased 500 shares of the stock in a transaction on Wednesday, June 21st. The shares were purchased at an average price of $127.39 per share, with a total value of $63,695.00. Following the acquisition, the executive vice president now directly owns 2,430 shares of the company’s stock, valued at approximately $309,557.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Christine Rose Detrick sold 750 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $139.50, for a total transaction of $104,625.00. Following the completion of the sale, the director now directly owns 4,682 shares in the company, valued at approximately $653,139. The disclosure for this sale can be found here. Insiders own 1.47% of the company’s stock.
Reinsurance Group of America, Company Profile
Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, Africa, Asia and Australia. It has geographic-based and business-based operational segments, including U.S.